---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-027062"
form_type: "8-K"
ticker: null
cik: "0001325814"
company_name: "Federal Home Loan Bank of Des Moines"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:11:02.055806+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FHLB Des Moines Q1 net income $236M, up 15% YoY; dividend unchanged

## Summary
- Net income rose to $236M from $205M in Q1 2025; net interest income up $77M to $325M.
- Advances totaled $127.0B, up from $110.2B at Dec. 2025; total assets $202.2B.
- Dividend rates unchanged at 9.75% (activity-based) and 6.00% (membership) annualized.
- Dividend payments totaling $167M to be made on May 12, 2026.
- AHP assessment of $26M and voluntary housing contributions of $25M recorded.

## SEC filing metadata
- accession: 0001628280-26-027062
- form_type: 8-K
- cik: 0001325814
- company_name: Federal Home Loan Bank of Des Moines
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325814/000162828026027062/0001628280-26-027062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325814/000162828026027062/fhlbdm-20260424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-027062
- JSON: https://secwatch.observer/filing/0001628280-26-027062.json
- Plain text: https://secwatch.observer/filing/0001628280-26-027062.txt

## Key facts
- Earnings Releases
  Federal Home Loan Bank of Des Moines reported first quarter ended March 31, 2026 results: revenue $325 million, net income $236 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $325 million
  - Net income: $236 million
  - Result: reported results
  source text: net income of $236 million compared to $205 million in the prior year. Net Interest Income - For the three months ended March 31, 2026, the Bank recorded net interest income of $325 million, an increase of $77 million when compared to the prior year. The increase during the three months ended March 31, 2026 was primarily due to advance, mortgage-backed security, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325814/000162828026027062/0001628280-26-027062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.